I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.
This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.
This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.
Simple explanation; margin trading.
Many opened a long position that they now need to protect or lose personally I don't margin trade. Unless it's really really a bargain )). But I also believe it can go down more then this point. Aiming for a drop to the 200k - 150k zone then I will make some nice rebuys.
Bitcoin broke the 6200 level and I believe there should not be a lot resistance to the 7000 zone unless China make some ban accusations again. Just be careful in Alts atm.
My best trade was selling at 360 while it was less then a day before that 420. (Bought at 220 but still)
Sometimes better be a little late then holding them in the end.
Crazyivan I can see btc go even higher with all bad news around the world. Would you like to hold many euros, dollars or Bitcoin
I'm from Europe and I'm happy to change all euro to btc or special commodities.